{"id":77390,"date":"2026-04-24T18:46:21","date_gmt":"2026-04-24T13:16:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=77390"},"modified":"2026-04-24T18:46:22","modified_gmt":"2026-04-24T13:16:22","slug":"ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/","title":{"rendered":"LTM Q4 FY26 Results: PAT \u20b91,392 Crore (+23% YoY), Revenue \u20b99,836 Crore, Dividend \u20b953\/Share"},"content":{"rendered":"<p>LTM Q4 FY26 results are out, with LTIMindtree (now branded LTM) delivering a strong close to FY26. LTM Q4 consolidated net profit attributable to shareholders rose 23.37% year-on-year to \u20b91,392.3 crore \u2014 compared to \u20b91,128.5 crore in Q4 FY25. LTM Q4 PAT growth significantly beat analyst estimates and represents one of the strongest quarters in the company&#8217;s history. LTM Q4 board recommended a final dividend of \u20b953 per equity share.<\/p><p>LTM Q4 revenue from operations was approximately \u20b99,836 crore \u2014 reflecting 4%+ year-on-year growth as the company navigated a challenging IT spending environment. LTM Q4 performance was supported by strong deal wins in BFSI, manufacturing, and healthcare verticals, alongside margin improvement from operational efficiency initiatives.<\/p><p>LTM Q4 is the first full year that LTIMindtree has operated under its rebranded identity as &#8220;LTM&#8221; \u2014 a name change aligned with its parent company L&amp;T Group&#8217;s strategic communications. LTM Q4 also closed the year as L&amp;T Group&#8217;s flagship IT services company with a strong pipeline heading into FY27.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#LTM_Q4_FY26_Results_Date_and_Dividend\" title=\"LTM Q4 FY26 Results Date and Dividend\">LTM Q4 FY26 Results Date and Dividend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Why_LTM_Q4_FY26_Results_Matter\" title=\"Why LTM Q4 FY26 Results Matter\">Why LTM Q4 FY26 Results Matter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#LTM_Q4_FY26_Actual_Financial_Results\" title=\"LTM Q4 FY26: Actual Financial Results\">LTM Q4 FY26: Actual Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#5_Key_Factors_That_Will_Drive_LTM_Q4_FY26_Performance\" title=\"5 Key Factors That Will Drive LTM Q4 FY26 Performance\">5 Key Factors That Will Drive LTM Q4 FY26 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#BFSI_Vertical_Recovery_Driving_Revenue_Growth\" title=\"BFSI Vertical Recovery Driving Revenue Growth\">BFSI Vertical Recovery Driving Revenue Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#LTI-Mindtree_Merger_Synergies_Fully_Flowing_Through\" title=\"LTI-Mindtree Merger Synergies Fully Flowing Through\">LTI-Mindtree Merger Synergies Fully Flowing Through<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#AI-Led_Services_Creating_New_Deal_Opportunities\" title=\"AI-Led Services Creating New Deal Opportunities\">AI-Led Services Creating New Deal Opportunities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Manufacturing_and_Hi-Tech_Verticals_Accelerating\" title=\"Manufacturing and Hi-Tech Verticals Accelerating\">Manufacturing and Hi-Tech Verticals Accelerating<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Strong_Deal_Win_Trajectory_Supporting_FY27_Revenue\" title=\"Strong Deal Win Trajectory Supporting FY27 Revenue\">Strong Deal Win Trajectory Supporting FY27 Revenue<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#5_Risks_to_Watch_in_LTM_Q4_FY26\" title=\"5 Risks to Watch in LTM Q4 FY26\">5 Risks to Watch in LTM Q4 FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Wage_Hike_Impact_on_Q1_FY27_Margins\" title=\"Wage Hike Impact on Q1 FY27 Margins\">Wage Hike Impact on Q1 FY27 Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Client_Budget_Caution_in_North_America\" title=\"Client Budget Caution in North America\">Client Budget Caution in North America<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#AI_Productivity_Cannibalization\" title=\"AI Productivity Cannibalization\">AI Productivity Cannibalization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Integration_Complexity_Still_Generating_Costs\" title=\"Integration Complexity Still Generating Costs\">Integration Complexity Still Generating Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Competitive_Pressure_from_TCS_and_Wipro_in_Key_Accounts\" title=\"Competitive Pressure from TCS and Wipro in Key Accounts\">Competitive Pressure from TCS and Wipro in Key Accounts<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#What_was_LTM_Q4_FY26_net_profit\" title=\"What was LTM Q4 FY26 net profit?\">What was LTM Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#What_was_LTM_Q4_FY26_revenue\" title=\"What was LTM Q4 FY26 revenue?\">What was LTM Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#What_dividend_did_LTM_declare_for_FY26\" title=\"What dividend did LTM declare for FY26?\">What dividend did LTM declare for FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#What_does_LTM_stand_for\" title=\"What does LTM stand for?\">What does LTM stand for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Is_LTM_a_good_IT_stock_compared_to_TCS_and_Infosys\" title=\"Is LTM a good IT stock compared to TCS and Infosys?\">Is LTM a good IT stock compared to TCS and Infosys?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#What_were_LTM_Q3_FY26_results\" title=\"What were LTM Q3 FY26 results?\">What were LTM Q3 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#When_did_TCS_declare_Q4_FY26_results\" title=\"When did TCS declare Q4 FY26 results?\">When did TCS declare Q4 FY26 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/ltm-q4-fy26-results-pat-1392-crore-revenue-9836-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"LTM_Q4_FY26_Results_Date_and_Dividend\"><\/span><strong>LTM Q4 FY26 Results Date and Dividend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Get real-time stock research and expert analysis on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>LTM Q4 FY26 results were declared on April 23, 2026. LTM (formerly LTIMindtree) is a L&amp;T Group IT services company formed from the merger of L&amp;T Infotech and Mindtree in 2022. LTM Q4 operates across BFSI, technology, manufacturing, healthcare, CPG retail, and communications verticals, serving 700+ clients globally.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Q4 Results Date<\/strong><\/td><td><strong>Status<\/strong><\/td><\/tr><tr><td>TCS<\/td><td>April 9, 2026<\/td><td>Declared<\/td><\/tr><tr><td>HCL Technologies<\/td><td>April 21, 2026<\/td><td>Declared<\/td><\/tr><tr><td>LTM<\/td><td>April 23, 2026<\/td><td>Declared<\/td><\/tr><tr><td>Infosys<\/td><td>April 23, 2026<\/td><td>Declared<\/td><\/tr><\/tbody><\/table><\/figure><p>TCS Q4 FY26 results were declared April 9. Analysis at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs \u2014 TCS Q4 FY26 Results<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_LTM_Q4_FY26_Results_Matter\"><\/span><strong>Why LTM Q4 FY26 Results Matter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>LTM Q4 is watched because it is Tier-1 Indian IT and a direct comparator for Wipro, HCL Tech, and Tech Mahindra. LTM Q4 PAT growth of 23% \u2014 significantly above Wipro&#8217;s single-digit growth and HCL Tech&#8217;s ~4% \u2014 suggests LTM&#8217;s execution quality is improving relative to peers. LTM Q4 also validates the LTI-Mindtree merger synergy thesis: the combined entity is demonstrating revenue and margin improvement that neither company was achieving independently.<\/p><p>LTM Q4 deal wins and FY27 guidance will be the market-moving disclosures. LTM Q4 management&#8217;s FY27 outlook \u2014 especially commentary on North American financial services and manufacturing verticals, and AI-led deal activity \u2014 will set sentiment for the stock in H1 FY27.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"LTM_Q4_FY26_Actual_Financial_Results\"><\/span><strong>LTM Q4 FY26: Actual Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>LTM Q4 FY26 actual results significantly beat analyst estimates. Pre-results, analysts had expected LTM Q4 PAT of approximately \u20b91,150\u20131,250 crore \u2014 the actual \u20b91,392 crore was a substantial beat. LTM Q4 revenue of \u20b99,836 crore was above the consensus estimate of \u20b99,600\u20139,700 crore. LTM Q4 EBIT margin improvement (versus Q3&#8217;s expected margin pressure from wage hikes) was the key positive surprise.<\/p><p>Access premium research on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q4 FY25<\/strong><\/td><td><strong>Q4 FY26<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><td><strong>Notes<\/strong><\/td><\/tr><tr><td>PAT (\u20b9 Cr)<\/td><td>1,128.5<\/td><td>1,392.3<\/td><td>+23.4%<\/td><td>Significant beat<\/td><\/tr><tr><td>Revenue (\u20b9 Cr est.)<\/td><td>~9,450<\/td><td>~9,836<\/td><td>+4%<\/td><td>Beat consensus<\/td><\/tr><tr><td>Final Dividend (\u20b9\/share)<\/td><td>\u2014<\/td><td>53<\/td><td>\u2014<\/td><td>Record FY26 div<\/td><\/tr><\/tbody><\/table><\/figure><p>LTM Q4 specific metrics to track in the detailed earnings release: EBIT margin (expected around 14%), constant currency revenue growth, deal TCV wins (target: above $600 million per quarter), BFSI vertical performance, and FY27 revenue growth guidance (street expecting 8\u201312% CC).<\/p><p>Screen <a href=\"https:\/\/univest.in\/screeners\">LTM fundamentals<\/a> on the Univest Screener.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Factors_That_Will_Drive_LTM_Q4_FY26_Performance\"><\/span><strong>5 Key Factors That Will Drive LTM Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BFSI_Vertical_Recovery_Driving_Revenue_Growth\"><\/span><strong>BFSI Vertical Recovery Driving Revenue Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 BFSI \u2014 Banking, Financial Services, and Insurance \u2014 is the company&#8217;s largest revenue vertical and has been showing recovery in spending after a period of caution. LTM Q4 BFSI clients are increasing investment in AI-enabled banking transformation, compliance automation, and digital customer experience \u2014 directly benefiting LTM Q4&#8217;s strong BFSI capabilities from its legacy L&amp;T Infotech DNA.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"LTI-Mindtree_Merger_Synergies_Fully_Flowing_Through\"><\/span><strong>LTI-Mindtree Merger Synergies Fully Flowing Through<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 is the third full year of the LTI-Mindtree combined entity. LTM Q4 cross-selling benefits \u2014 where L&amp;T Infotech&#8217;s BFSI and manufacturing clients access Mindtree&#8217;s hi-tech and CPG capabilities, and vice versa \u2014 are generating incremental revenue that neither standalone entity was generating. LTM Q4 merger synergies in cost (shared functions, facility rationalisation) are also supporting margin improvement.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"AI-Led_Services_Creating_New_Deal_Opportunities\"><\/span><strong>AI-Led Services Creating New Deal Opportunities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 has been aggressively building AI and GenAI capabilities through its &#8220;Canvas&#8221; AI platform. LTM Q4 AI-led deals \u2014 where clients engage LTM Q4 to implement AI-powered automation, data intelligence, and GenAI applications \u2014 represent a new, higher-value service category. LTM Q4 management has been citing AI as a primary driver of deal pipeline expansion.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manufacturing_and_Hi-Tech_Verticals_Accelerating\"><\/span><strong>Manufacturing and Hi-Tech Verticals Accelerating<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 manufacturing vertical \u2014 serving auto OEMs, aerospace, and industrial machinery companies \u2014 has been growing strongly in FY26 as clients invest in factory digitalisation, ERP modernisation, and supply chain AI. LTM Q4 hi-tech vertical serves technology product companies investing in product engineering and cloud migration.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strong_Deal_Win_Trajectory_Supporting_FY27_Revenue\"><\/span><strong>Strong Deal Win Trajectory Supporting FY27 Revenue<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 deal wins have been tracking above $500\u2013600 million per quarter in TCV. LTM Q4 large deal wins \u2014 particularly multi-year transformation engagements \u2014 provide 18\u201324 month revenue visibility. LTM Q4 FY27 revenue guidance will be anchored by this deal pipeline.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Risks_to_Watch_in_LTM_Q4_FY26\"><\/span><strong>5 Risks to Watch in LTM Q4 FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wage_Hike_Impact_on_Q1_FY27_Margins\"><\/span><strong>Wage Hike Impact on Q1 FY27 Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 EBIT margin beat was partially driven by no wage hike impact in Q4. LTM Q4 typically implements annual wage hikes in Q1 of the next financial year \u2014 meaning Q1 FY27 margins will face a 120\u2013150 bps headwind. LTM Q4&#8217;s exceptional Q4 margin may not be representative of the near-term run rate.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Client_Budget_Caution_in_North_America\"><\/span><strong>Client Budget Caution in North America<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 North America is the largest revenue geography. US macro uncertainty \u2014 particularly IT discretionary spending caution among financial services firms \u2014 poses a risk to LTM Q4 revenue growth trajectory. If US financial services IT budgets are cut in H1 FY27 due to geopolitical and tariff concerns, LTM Q4 BFSI pipeline conversion would slow.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"AI_Productivity_Cannibalization\"><\/span><strong>AI Productivity Cannibalization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 management has acknowledged that AI productivity tools are reducing the billable hours needed to complete some tasks. LTM Q4 must reprice its services to reflect AI-driven efficiency improvements while transitioning to higher-value AI-led outcome-based contracts. This pricing transition creates near-term revenue per FTE pressure.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Integration_Complexity_Still_Generating_Costs\"><\/span><strong>Integration Complexity Still Generating Costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 merger integration, while largely complete, still generates some one-time costs around system harmonisation and organisational changes. LTM Q4 FY27 will be the first full year where integration is truly behind, but residual integration costs could still appear in Q1 FY27.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Competitive_Pressure_from_TCS_and_Wipro_in_Key_Accounts\"><\/span><strong>Competitive Pressure from TCS and Wipro in Key Accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 competes for large deal wins against TCS, Infosys, Wipro, and HCL Tech \u2014 all with larger delivery footprints and stronger brand recognition among global 2000 clients. LTM Q4 win rate in mega-deal (\u20b9500 crore+) competitive bids remains below that of TCS.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>LTM Q4 FY26 results are excellent \u2014 PAT growth of 23.4% to \u20b91,392 crore, revenue above consensus, record final dividend of \u20b953\/share. LTM Q4 demonstrates that the LTI-Mindtree merger is generating value: the combined entity is growing PAT faster than either standalone predecessor. LTM Q4 long-term thesis \u2014 L&amp;T Group pedigree, BFSI + manufacturing strength, and AI-led transformation capabilities \u2014 is compelling. FY27 guidance and wage hike impact in Q1 FY27 are the near-term watchpoints.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and exchange announcements. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_LTM_Q4_FY26_net_profit\"><\/span><strong>What was LTM Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 FY26 consolidated PAT attributable to shareholders was \u20b91,392.3 crore, up 23.37% year-on-year from \u20b91,128.5 crore in Q4 FY25.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_LTM_Q4_FY26_revenue\"><\/span><strong>What was LTM Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 FY26 revenue from operations was approximately \u20b99,836 crore, up approximately 4% year-on-year, above analyst consensus estimates.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_dividend_did_LTM_declare_for_FY26\"><\/span><strong>What dividend did LTM declare for FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM Q4 FY26 board recommended a final dividend of \u20b953 per equity share for FY26, subject to shareholder approval at the AGM.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_does_LTM_stand_for\"><\/span><strong>What does LTM stand for?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM is the brand name for LTIMindtree Limited \u2014 the L&amp;T Group IT services company formed from the 2022 merger of L&amp;T Infotech and Mindtree. The company was rebranded as LTM to align with L&amp;T Group&#8217;s brand identity.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_LTM_a_good_IT_stock_compared_to_TCS_and_Infosys\"><\/span><strong>Is LTM a good IT stock compared to TCS and Infosys?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTM is a strong IT company with L&amp;T Group backing, BFSI + manufacturing capabilities, and AI-led growth strategy. Comparative suitability as an investment depends on individual risk appetite, valuation comfort, and portfolio context. Consult a SEBI-registered financial advisor before investing.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_were_LTM_Q3_FY26_results\"><\/span><strong>What were LTM Q3 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>In Q3 FY26, LTM reported solid performance consistent with its FY26 growth trajectory. Specific Q3 PAT and revenue figures are available on the Univest Screener.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_did_TCS_declare_Q4_FY26_results\"><\/span><strong>When did TCS declare Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 results were declared on April 9, 2026. Full analysis is available on Univest Blogs. Read the TCS Q4 analysis at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs<\/a>.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and exchange announcements. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/kridhan-infra-q4-results-2026\">Kridhan Infra Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/krebs-biochemicals-and-industries-q4-results-2026\">Krebs Biochemicals and Industries Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/krbl-q4-results-2026-2\">KRBL Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/kpit-technologies-q4-results-2026-2\">KPIT Technologies Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/kothari-sugars-and-chemicals-q4-results-2026\">Kothari Sugars and Chemicals Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>LTM Q4 FY26 results are out, with LTIMindtree (now branded LTM) delivering a strong close to FY26. LTM Q4 consolidated net profit attributable to shareholders rose 23.37% year-on-year to \u20b91,392.3 crore \u2014 compared to \u20b91,128.5 crore in Q4 FY25. LTM Q4 PAT growth significantly beat analyst estimates and represents one of the strongest quarters in<\/p>\n","protected":false},"author":23,"featured_media":77392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-77390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1777036720:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["70"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["LTM Q4 FY26 Results: PAT \u20b91,392 Crore +23% YoY, Revenue \u20b99,836 Crore, Dividend \u20b953"],"rank_math_description":["LTM Q4 FY26 results declared April 23, 2026. Consolidated PAT \u20b91,392 crore (+23.4% YoY), revenue \u20b99,836 crore, final dividend \u20b953\/share. Full analysis on Univest."],"rank_math_focus_keyword":["LTM Q4"],"_thumbnail_id":["77392"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["9178"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/24184400\/LTM.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/77390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=77390"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/77390\/revisions"}],"predecessor-version":[{"id":77396,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/77390\/revisions\/77396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/77392"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=77390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=77390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=77390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}